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De Lage Landen Financial Services, a global provider of high-quality asset-based financing products to manufacturers and distributors of capital goods, announced today that its commercial finance division is upgrading the technology that supports its inventory finance business. The Company has purchased a web-based operating system expected to significantly improve customer service levels and provide a competitive advantage in the markets it currently serves.

Wayne, PA (PRWEB)October 28, 2009

De Lage Landen Financial Services, a global provider of high-quality asset-based financing products to manufacturers and distributors of capital goods, announced today that its commercial finance division is upgrading the technology that supports its inventory finance business. The Company has purchased a web-based operating system expected to significantly improve customer service levels and provide a competitive advantage in the markets it currently serves. Full rollout of the technology system will be completed by the end of the first quarter of 2010.

"The system will enable us to provide improved levels of support to our technology, office equipment and healthcare vendor and dealer partners who use De Lage Landen's commercial finance products and services," says John C. Reed, president, commercial finance. "Immediate benefits will include enhancement to the availability and presentation of transactional data, more flexible online payment options, and simplified account management tools. It will also facilitate productivity improvements through automated report generation. Despite the current market conditions, De Lage Landen is a profitable company, and we're investing in best-in-class technology that will make it easier for our vendor and dealer partners to do business with us."

De Lage Landen commercial finance offers a broad array of inventory finance and asset-based lending products specifically designed to provide substantial value for each part of the distribution channel. The commercial finance team partners directly with vendors to offer a unique blend of financial services that provide a seamless approach for the entire sales cycle--from the receipt of purchase orders to the delivery of goods and services.

About De Lage Landen

De Lage Landen is a global provider of high-quality asset-based financing products. Headquartered in Eindhoven (the Netherlands), De Lage Landen is 100% owned by Rabobank. This Dutch bank is Triple-A rated by the major rating agencies Moody's and Standard & Poor's.

With offices and joint ventures in more than 35 countries worldwide, De Lage Landen specializes in asset financing and vendor finance programs on a worldwide scale. The global offering also includes an array of commercial finance solutions. The company focuses on the following industries: Food & Agriculture, Healthcare, Office Equipment, Technology Finance, Financial Institutions, Transportation and Construction & Industrial. De Lage Landen also offers private-label leasing programs for the banking industry, and delivers a broad range of financial services to leasing organizations and non-banking financial institutions.

In the Netherlands, De Lage Landen offers a broad range of financing products, both through local Rabobanks and directly to the market. These products include Equipment Leasing, Car and Commercial Vehicle Leasing, ICT Leasing, Consumer Finance and Factoring.

Athlon Car Lease International became part of De Lage Landen Group in 2006. Athlon Car Lease International is an international provider of operational car leasing, active in eight European countries.

In 2008 De Lage Landen achieved a net profit of €235 million and a lease portfolio of €23.3 billion. By year-end 2008, De Lage Landen had 4,965 employees. For more information, please visit our website: http://www.delagelanden.com.